Tag: carbon emissions

Costa Coffee commits to halving carbon emissions per coffee serving by 2030

Stuart Mitchell

Costa Coffee, has committed to become Net Zero by 2040, and has set a science-based target to halve emissions per serving of coffee by 2030.  Its 2030 target has been approved by the Science Based Targets initiative (SBTi) – the internationally-recognised partnership between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature. Understanding the scale of the transition In setting its target, Costa Coffee has evaluated its entire value chain, from coffee farms through to its unique takeaway waffle cups. It found that…

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Thousands pledge with #MakeItFeelRight movement to combat carbon emissions from the fashion industry

Stuart Mitchell

According to the UN, the fashion industry is responsible for 8-10% of global carbon emissions. Fast fashion has only exacerbated the problem as consumers are increasingly purchasing clothes with reduced shelf lives. The world is striving to achieve net zero carbon, but the reality is that fashion brands simply aren’t doing enough. In response to growing climate concerns, TENCEL™ brand revitalized the #MakeItFeelRight campaign to raise awareness and inspire action to make a change. By pledging to #MakeItFeelRight, consumers can do their part to drive the industry toward a more sustainable…

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Carbon emissions of richest 1% set to be 30 times the 1.5°C limit in 2030

Stuart Mitchell

The carbon footprints of the richest 1 percent of people on Earth is set to be 30 times greater than the level compatible with the 1.5°C goal of the Paris Agreement in 2030, according to new research out today. It comes after delegates grapple with how to keep this goal alive at the COP26 meeting in Glasgow. In 2015, governments agreed to the goal of limiting global heating to 1.5°C above pre-industrial levels, but current pledges to reduce emissions fall far short of what is needed. To stay within this…

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Carbon emissions drop 15% despite more people admitting to not taking action to cut carbon

Stuart Mitchell

The UK’s carbon emissions dropped by 15% during the pandemic overall compared to the year before, according to analysis compiled by Lloyds Banking Group in partnership with the Carbon Trust.  The analysis considered the impact on carbon emissions resulting from changing consumer spending behaviour across six categories: food and drink, fuel, commuting, airlines, electrical stores and clothing stores.   Restrictions on international and domestic travel as well as the increase in working from home have been significant factors in the drop in carbon emissions. Emissions from commuting reduced by two thirds…

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Legal & General to halve £81bn annuity portfolio’s carbon emissions by 2030

Stuart Mitchell

Legal & General Retirement (LGR) have announced its commitment to reduce the carbon emission intensity of its current £80.7bn annuity book by 18.5% by 2025, and plans to further reduce this to 50% by 2030. Legal & General is also targeting a net-zero portfolio by 2050 and strongly supports the Paris Agreement aim to limit the global temperature rise to well below 2°C of pre-industrial levels. This commitment comes as LGR launches its new Environmental, Social Impact and Governance (ESG) policy, the Pension Risk Transfer (PRT) sector’s most comprehensive publicly…

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